Physicians use anonymous LLCs (where permitted) for non-clinical income, real estate, and asset protection. Clinical practice typically requires a PLLC, not a generic LLC.
By Shafwan Ahmed, Operations & Fulfillment Lead, Anonymousllc.co
Two-entity structure: (1) a Professional Limited Liability Company (PLLC) in the practice state for clinical work, owned by the physician personally as required by state board rules; (2) a Wyoming anonymous LLC for non-clinical income (speaking, consulting, expert witness, real estate, equity holdings). The Wyoming LLC also serves as an asset-holding shell.
Physicians are a high-litigation profession. Asset protection planning routinely includes separating clinical liability (covered by malpractice insurance) from personal assets (held in an anonymous LLC or trust). The Wyoming LLC keeps real estate, equities, and non-clinical income out of plaintiff-discoverable state records tied to the physician's name.
Wyoming asset protection is among the strongest in the US — single-member charging order protection under § 17-29-503(a) means a personal creditor of the physician cannot reach LLC assets directly. Pair with a Wyoming Domestic Asset Protection Trust for highest protection on irreplaceable assets.
| State | Price | Notes |
|---|---|---|
| Wyoming (recommended) | $397 | Best balance of cost, anonymity, banking acceptance. |
| New Mexico | $347 | Cheapest. No annual report. Banking is harder. |
Most states require physician-owned practices to operate as PLLCs, not generic LLCs, and the practice may not be anonymous. The Wyoming anonymous LLC is for non-clinical income only.
No. Malpractice claims sue the physician personally, and the LLC structure does not shield clinical negligence. Malpractice insurance is what protects you.
Asset protection. Non-clinical income, real estate, and equity portfolios held in the LLC are difficult for personal creditors (e.g., the plaintiff in a non-malpractice case) to reach.
PLLCs in most states can elect S-corp tax treatment, with the same self-employment tax savings as any other entity above ~$60k/yr.
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